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Jags try to get Beachum to sign, but he goes home to weigh options


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7 hours ago, cant wait said:

Cutting brick before June 1st creates $5M in dead money, after that date it's $3.7M

No that is wrong, because no one would ever cut him after June 1. That is not one of the choices. 

You can cut him now and designate him as a post-June 1 cut. Why do so few people know this?

So we don't pay him any of his new bonuses, but cap-wise his amortized prior bonus money behaves the same as if he was kept (counts as a $3M/$1M split in 2016/2017, as opposed to a $4M/$0 split without the post-June 1 designation).

What matters now - and the only thing that matters now - is how much new money we spend to keep him further, or whether to cut him outright. Forget about the dead money -- it's gone no matter what, and we don't get any of it back by keeping him. That is money that the team has already paid to him so it has to come off the cap.

The choices are:

  1. Keep him as is, with some $11M in new money ($8.6M salary, $750K workout bonus, $650K option bonus, $1M roster bonus) for the 2016 season alone.
  2. Keep him but restructure with a pay cut in exchange for guaranteeing that we won't cut him this year and maybe guarantee some next year to create a disincentive for the team to cut him next year as well. So we'll be stuck with him for another season or two, getting even worse and worse, if we do this. 
  3. Keep him but restructure in a different way, by converting even more base salary to new signing bonus, which would pay him the same this year but would shift half of the cap hit on that payment to 2017, whether he's then kept or replaced. This would also guarantee Brick starts another season, which again, no one should want.
  4. Cut him between now and the day before his next bonus is due. So we can wait until after the draft if we draft a replacement, but if we don't get one then we're keeping him and he'll never agree to a pay cut then because we'd then have little leverage).
  5. I'd throw "trade" in there as an option but I can't believe any other team - even one in need of a LT - would be willing to give anything up for the privilege of eating his $11M pay this year and an option of paying him another $13-14M next year.

None of our options involves cutting him after June 1. 

 

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@cant wait

The only thing I'm unsure of is a matter of a $650K option bonus. Jason (overthecap.com) has it mushed in with Brick's prior amortized bonus. Sportrac.com shows it as a (new) option bonus.

It doesn't materially change things either way, other than rounding total amortized bonuses down to $4M as I've done or rounding up to $5M as you've done. But it wouldn't affect a decision on him one way or the other because you're talking about 5% of his 2016 cap hit.

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8 hours ago, cant wait said:

Cutting brick before June 1st creates $5M in dead money, after that date it's $3.7M

dude, to be a "June 1st Cut", a player does not literally need to be cut on or after June 1st.  You can cut the player as soon as free agency opens and merely "designate" that player as a "June 1st Cut", thereby spreading the cap hit into 2017.The "June 1st Cut" rule was modified several years ago to allow this.

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